صور الصفحة
PDF
النشر الإلكتروني

UNEMPLOYMENT RATE TRENDS

WAGE AND SALARY WORKERS, 1947-1960

PERCENT OF WORKERS UNEMPLOYED

AGRICULTURE INONAGRICULTURAL FORESTRY, FISHING CONSTRUCTION

INDUSTRIES

AND MINING

12.2

10.2

[blocks in formation]

1947-53 1953-60 1960

Annual Average

DURABLE GOODS

MANUFACTURING

NONDURABLE GOODS | TRANSPORTATION
MANUFACTURING

[ocr errors]

AND PUBLIC

[blocks in formation]

1947-53 1953-60 1960
Annual Average

1947-53 1953-60 1960
Annual Average

1947-53 1953-60 1960

1947-53 1953-60 1960

Annual Average | Annual Average

HIGHEST UNEMPLOYMENT RATES, 1960

12.2%

CLOSED

9.5%

8.0%

Agriculture

Forestry,
Fisheries &
Mining

10.5%

8.4%

7:8%

Construction Primary Automobiles
Metals

These figures cover only full-time unemployment. 1957-1960 figures are based on
revised definition of unemployment and hence are not exactly comparable with earlier data.

Apparel
& Other
Textiles

THE GROWING VOLUME OF IDLE PLANT

AND MACHINES-1954-1961

[graphic][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][graphic][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][graphic][merged small][graphic][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][graphic][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
[graphic]

8%

INDUSTRIAL PRODUCTION CAPACITY

3rd QUARTER Source of Basic Data:“Mc Grow Hill Annual Surveys; University of Pennsylvania, Econometric Research Unit.

MANUFACTURING

CAPACITY
(SEPTEMBER)

IMPACT OF TECHNOLOGICAL PROGRESS ON EMPLOYMENT TRENDS, 1947-1960 Ratios of Indexes, 1947-1949=100

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

1947 48 49 50 51 52 53 54 55 56 57 58 59 '60

TRENDS IN OUTPUT PER MAN-HOUR -OR PRODUCTIVITY - 1910-1961 Average Annual Rate of Productivity Growth

for the Entire Private Economy

THE RECORD 1910-1961

[graphic]
[graphic]
[graphic]

INDICATING AN ACCELERATING PRODUCTIVITY
GROWTH RATE UNTIL THE MOST RECENT YEARS

4.0%

3.8%

3.0%

2.6%

2.4%

2.1%

0.5%

1910-
1920

1920-
1930

1930-
1940

1940-
1950

1950-
1955

1955- Ist-4th Qtr

. 1961 1960 (Annual Rate)(est.)

THE RECORD SINCE WORLD WAR I AND RECONVERSION

INDICATING A STILL HIGHER PRODUCTIVITY
GROWTH RATE UNTIL IT WAS ADVERSELY AFFECTED
BY RISING ECONOMIC SLACK

4.1%

3.8%

4.0%

2.6%

2.1%

1947-1953
Period of
Reasonably

Full
Employment

1950-1955
Period of
Moderate
Economic

Slack

1953-1960

Period of
Relatively Large
Economic

Slack

1955-1960

Period of
Still Larger
Economic

Slack

Ist-4th Qtr.1961 (Annual Rate)(est)

Boom Period

Note: Based on U.S. Department of Labor estimates, relating to man-hours worked.

PRODUCTION DEFICITS DUE TO LOW ECONOMIC GROWTH RATE,1953-1961

[merged small][graphic][merged small][subsumed][subsumed][merged small][merged small][merged small][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

EMPLOYMENT DEFICITS DUE TO LOW ECONOMIC GROWTH RATE, 1953-1961

[merged small][graphic][subsumed][merged small][subsumed][merged small][merged small][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
« السابقةمتابعة »